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What does it mean to an economy if exports exceed imports?
exports more than it imports
What is balance of trade?
Balance of trade is the relationship between a country's exports and imports. There is a trade surplus when a country's exports exceed its imports, and there is a trade deficit when a country's imports exceed its exports.
When a country's imports exceed its exports there is a trade what?
deficit
What is trade surplus?
A positive balance of trade, exports exceed imports
What best describes a situation in which exports exceed imports?
trade surplus
What does it mean to an economy if exports exceed imports?
exports more than it imports
What is balance of trade?
Balance of trade is the relationship between a country's exports and imports. There is a trade surplus when a country's exports exceed its imports, and there is a trade deficit when a country's imports exceed its exports.
When a country's imports exceed its exports there is a trade what?
deficit
What is trade surplus?
A positive balance of trade, exports exceed imports
Which term explains a situation where imports exceed exports?
Trade deficit
When did the US imports firsts exceed its exports?
when democrats came to power
When exports exceed imports will the us dollar appreciate or depreciate?
Appreciate.
What best describes a situation in which exports exceed imports?
trade surplus
What term explains a situation where imports exceed exports?
Trade Deficit
How do net exports help determine the nation's income?
When imports exceed exports, a trade deficit can occur
What is the total value of the nation's exports compared to its imports measured over a specific period of time called?
The total value of a nation's exports compared to its imports over a specific period of time is called the trade balance. When exports exceed imports, it results in a trade surplus, while the opposite leads to a trade deficit. This measure is an important indicator of a country's economic health and international trade performance.
What is an important balance of trade is called?
An important balance of trade is called the "trade balance," which measures the difference between a country's exports and imports of goods and services. A positive trade balance, or surplus, occurs when exports exceed imports, while a negative trade balance, or deficit, occurs when imports surpass exports. The trade balance is a key indicator of a country's economic health and competitiveness in the global market.
